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Robinhood investors are likely to panic as markets correct

Today, globally, the 'Robinhood' investors are considered a force to reckon with, due to their collective liquidity and well spread reach.

Topics
Indian markets | stock markets | Stock market crash

Ambareesh Baliga  |  Mumbai 

Ambareesh Baliga, independent market expert (Photo: Kamlesh Pednekar)
Ambareesh Baliga, independent market expert (Photo: Kamlesh Pednekar)

The pandemic reality hit India severely in March 2020 beginning with a few cases, which steadily moved up but remained well below a thousand daily cases till the first half of April. The had cracked with the Nifty50 index losing nearly 40 per cent by March 23 when the total number of cases was still below 500. By April 7, we touched 5,000 cases, but instead of falling further, Nifty50 gained 15 per cent. By the time we touched 50,000 cases on May 6, the index had gained 23 per cent from March 2020 low, and with cumulative cases of over 50 lakh on September 15, and clocking nearly 90,000 cases per day, we had gained over 50 per cent on the Nifty50 from the lows witnessed on March 23. Quite a dichotomy.

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First Published: Tue, September 22 2020. 09:45 IST
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